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Manhattan

387 Park Avenue South, Manhattan

Office building
NYC Municipal Record· BBL 1-00883-0001· New York County

technical data · neighborhood and transit

387 Park Avenue South, Manhattan: owner of record 387 PARK SOUTH L.L.C., assessed at $33,999,750, 0 open housing violations. Sourced directly from official city and county records.

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387 Park Avenue South, ManhattanOpen map

Quick answers

Who owns 387 Park Avenue South?
387 PARK SOUTH L.L.C. is the owner of record, per NYC Department of Finance (BBL 1008830001).
How much did 387 Park Avenue South last sell for?
$67,974,000 on 2005-09-30, per the deed recorded in NYC ACRIS.
What is the assessed value of 387 Park Avenue South?
$33,999,750, set by the NYC Department of Finance.
What is the 2026 conforming loan limit in New York County?
$1,209,750 for a single-unit home, per FHFA. Larger loans are jumbo loans.
Is radon a problem here?
EPA radon zone 2, moderate potential.
What natural disasters is 387 Park Avenue South at risk for?
FEMA's National Risk Index rates the area relatively moderate overall, with elevated inland flooding and heat wave risk.

Property records

Owner of record

387 Park South L.L.C.

Tax assessment

$33,999,750 · class O6

  1. DeedSep 30, 2005$67,974,000

    Grantor (seller): 387 Pas Enterprises, General Cigar Holdings, Inc., Twenty-Seventh And Park, Inc. · Grantee (buyer): 387 Park South L.L.C.

    Recorded document scan
  2. DeedOct 13, 1982

    Grantor (seller): 387 P.A.S. Enterprises · Grantee (buyer): 387 P.A.S. Enterprises

  3. DeedMar 2, 1981

    Grantor (seller): Reisch, Erich, Demberg, Harry Etal · Grantee (buyer): 387 P A S Enterprises

  4. DeedNov 20, 1975

    Grantor (seller): Insulated Equities Inc · Grantee (buyer): Hirsch, Alexander, Denberg, Max Decd Ex, Denberg, Harry

  5. DeedNov 20, 1975

    Grantor (seller): Turner, Lewis, Denberg, Harry, Denberg, Louis Decdex · Grantee (buyer): Insulated Equities Inc

Sourced directly from official city and county records. BBL 1008830001

NYC records

Office building

Tenant and buyer signals

Hurricane zone

Outside evacuation zones

NYC Emergency Management does not place this spot in zones 1 to 6.

Alcohol licenses

2 licenses within 200 ft

Turnmill LLC (restaurant) · Sarabeth'S Pas LLC (restaurant)

Sources: NYC PLUTO, NYC Emergency Management, NY State Liquor Authority, OpenStreetMap. Rent status is an estimate from the building profile.

Tax lot 1008830001

Built
1910
Floors
12
Units
16
Zoning
C6-4A
Floor area
183,913 sq ft
Lot
16,458 sq ft
Tax assessment
$34.0M

Nearest subway

Click a station for walking directions.

Housing violations (HPD)

No open violations on this lot.

Heat and hot water, 2 years

No heat or hot water complaints filed.

Building permits, 3 years

29

  • General Construction · Jun 2026
  • Mechanical Systems · Apr 2026
  • General Construction · Apr 2026

311 calls within 260 ft, 12 months

239

  • Homeless Person Assistance · 34
  • Dirty Condition · 20
  • Noise - Vehicle · 20

Safety and environment

FEMA natural hazard risk

Relatively Moderate

Highest for this area: inland flooding, heat wave. These drive insurance cost here.

FEMA National Risk Index, census tract

Superfund site

2.7 mi

Grand Street Mercury (Deleted NPL Site). Check groundwater and vapor reports on the EPA site page.

EPA National Priorities List

Leaking fuel tanks

4 within 1,650 ft

Nearest: Baruch College , 153 East 25th Street (800 ft), no further action. Every release here is closed by the state regulator.

EPA UST Finder, leaking underground storage tank releases

Brownfield site

1,850 ft

325 East 25th Street. Former industrial land in EPA's cleanup and reuse program.

EPA ACRES Brownfields

Toxic release facility

2,100 ft

Endurart Inc. Reports chemical releases to air, water or land to EPA each year.

EPA Toxics Release Inventory

Historic listing nearby

250 ft

28th Street Subway Station (IRT). Exterior changes can need preservation review; listed buildings can qualify for rehabilitation tax credits.

National Park Service, National Register

High-voltage line

250 ft

345 kV line run by CONSOLIDATED EDISON CO-NY INC.

HIFLD transmission lines

Radon potential

Moderate

Average indoor levels of 2 to 4 pCi/L. EPA still suggests testing ground-floor and basement units.

EPA and USGS Geologic Radon Potential Map

Nearest public schools

600 ft

BARUCH COLLEGE CAMPUS HIGH SCHOOL (600 ft), SCHOOL OF THE FUTURE HIGH SCHOOL (1,400 ft), UNITY CENTER FOR URBAN TECHNOLOGIES (1,600 ft). Confirm the assigned school with the district.

U.S. Department of Education, NCES

Major airport

6.3 mi

LaGuardia (LGA). Aircraft may be audible under approach paths.

FAA large-hub airports

Conforming loan limit 2026

$1,209,750

New York County. Mortgages up to this amount qualify for Fannie Mae and Freddie Mac pricing. Above it, the loan is a jumbo with stricter terms.

FHFA Conforming Loan Limit Values, one-unit

Property tax after you buy

$500,000

$7,000 a year

About $583 a month at New York's 1.40% median effective rate.

In New York City, small homes are capped at 6% a year (20% over five years), and the cap stays with the property through a sale.

Rough estimate. U.S. Census ACS median effective rates. Your county assessor sets the final bill.

Sunlight

How the sun hits 387 Park Avenue South, Manhattan

Sunlight at this address
How it works
Building typeOffice building

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Who lives and works in Manhattan

Finance, media and law, with the country's densest job market

Manhattan is built around work. Most households rent, most trips happen on foot or on the subway, and the day starts early in Midtown and downtown. Apartments are small by national standards and the premium goes to the commute, not the square footage.

$99,880
median household income
20.5%
residents aged 25 to 34
24%
households that own their home

What pays the bills

  • Finance and insurance
  • Media and publishing
  • Law and consulting
  • Healthcare
  • Tech offices

Who anchors the economy

JPMorgan Chase · Goldman Sachs · NYU · Mount Sinai · Google NYC

The market is shaped around

  • Young professionals
  • Dual-income couples
  • People who want to live without a car
Read the Manhattan city report →

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Viewing recommendations

What's worth checking in person before deciding.

  • Test water pressure and temperature at the tap, in the bathroom and kitchen, for at least a minute.
  • Ask specifically where you'd park: is there paid city parking, who currently holds it, what the permit costs, and how long the waitlist is.
  • Schedule a viewing on a weekday too, between 6:00 and 7:30 PM, the window when the building is busiest: neighbors, parking, elevator.
  • Knock on a neighboring door and ask two things: what bothers them most often, and what work is planned for the building.
  • Ask for the latest maintenance bill from a winter month, not a summer one: that's where the real cost of living there shows up.
  • Look at the stairwell (cleanliness, smell) and the association's notice board: unpaid dues, conflicts, recent decisions.

Neighborhood recommendations are derived from public OpenStreetMap data and may be incomplete. Checking in person is still what matters most.